Green’s in fashion as Lithuanian used clothes site joins $1 billion club
Vinted, an online marketplace for second-hand clothes, has surfed a sustainable fashion wave to become Lithuania’s first technology startup to reach “unicorn” status with a valuation of over $1 billion.
Wave of European Cannabis firms to list in 2020, analyst says
Up to five companies active in the cannabis industry could go public in 2020 in Europe, a continent whose stock markets have largely missed out on the North-American “pot stocks” frenzy, a leading industry analyst said on Thursday.
Exclusive: Big four auditors face investor calls for tougher climate scrutiny
European investors managing assets worth more than 1 trillion pounds ($1.28 trillion) are pressing top auditors to take urgent action on climate-related risks, warning that failure to do so could do more damage than the financial crisis.
Timeline: A turbulent decade for grain trader Louis Dreyfus and its owner
Louis Dreyfus Co (LDC) has launched a sweeping cost-cutting plan in the latest attempt to revive profits at the 168-year-old family-owned firm, one of the world’s largest agricultural commodity merchants.
Italy’s Cavalli rescued by Dubai’s Damac chairman
Italian fashion house Roberto Cavalli was bought on Thursday by Hussain Sajwani, the chairman of Dubai’s Damac Properties , the companies said, ending a long sale process.
Novartis’s $90 million Swiss factory to help solve cell therapy bottleneck
Swiss drugmaker Novartis’s new $90 million cell and gene therapy factory in northern Switzerland is on track to begin commercial production of its cell therapy Kymriah for cancer in 2020.
Amazon must check for trade mark violations: EU court adviser
U.S. online retail giant Amazon is not liable for unwittingly stocking trade mark infringing goods for third-party sellers, but should be diligent in checking whether products are legal, an adviser to Europe’s top court said on Thursday.
India considers commissions cap for Uber, Ola, unsettling industry
India plans to cap the commissions app-based taxi aggregators such as Uber and home-grown Ola earn on rides to a maximum 10% of the total fare, according to a draft proposal seen by Reuters, a move industry experts warned would hit revenue and operatio…
Axel Springer unit, others say Google still playing unfairly, want EU to act
Axel Springer’s price-comparison shopping service Idealo and 40 other European peers have accused Alphabet Inc’s Google of tilting the playing field in its favor and urged EU antitrust regulators to enforce a ruling against the company.
Saudi Aramco IPO’s retail tranche oversubscribed: lead manager
The retail portion of Saudi Aramco’s initial public offering (IPO) has been oversubscribed, with orders reaching 38.1 billion Saudi riyals ($10.2 billion), lead manager Samba Capital said on Thursday.
